Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.93% | +0.53 | 1.40% |
| Return on Equity (%) | ▲ | 18.93% | +4.02 | 14.91% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.53 | 3.56% |
| Efficiency Ratio (%) | ▲ | 48.51% | -6.22 | 54.73% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.15 | $3 |
| Cost of Funds (%) | ▲ | 1.54% | -0.13 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $662 | +64.52 | $598 |
| Gross Loans ($M) | ▲ | $430 | +25.66 | $405 |
| Loan Growth YoY (%) | ▼ | 73.45% | -2.66 | 76.10% |
| Total Deposits ($M) | ▲ | $579 | +53.46 | $525 |
| Shareholders Equity ($M) | ▲ | $67 | +10.40 | $57 |
| Tang. Book Value ($M) | ▲ | $66 | +10.44 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +10.77 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 73.45% | -2.66 | 76.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.22 | 0.25% |
| Allowance / Loans (%) | — | 1.22% | 0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.33 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.35% | 3.38% | 3.44% | 3.56% | 3.67% | 3.76% | 3.85% | 4.09% |
| ▁▁▁▂▃▅▅█ | Return on Assets (%) | 1.27% | 1.28% | 1.30% | 1.40% | 1.44% | 1.61% | 1.65% | 1.93% |
| ███▅▆▃▃▁ | Efficiency Ratio (%) | 59.3% | 58.5% | 58.0% | 54.7% | 55.2% | 52.5% | 51.5% | 48.5% |
| ▆██▄▅▆▃▁ | Cost of Funds (%) | 1.73% | 1.80% | 1.79% | 1.67% | 1.68% | 1.72% | 1.63% | 1.54% |
| ▂▄▄█▇▆▃▁ | NPA / Assets (%) | 0.07% | 0.12% | 0.12% | 0.25% | 0.20% | 0.18% | 0.09% | 0.02% |
| ▂▄▄█▇▆▃▁ | Net Charge-Off Ratio (%) | 0.11% | 0.18% | 0.17% | 0.37% | 0.31% | 0.26% | 0.14% | 0.04% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $49 | $54 | $53 | $56 | $58 | $62 | $65 | $66 |
| ▁▂▃▅▆▆██ | Gross Loans ($M) | $364 | $379 | $384 | $405 | $407 | $414 | $425 | $430 |
| ▁▁▃▄▅▆▇█ | Total Deposits ($M) | $481 | $488 | $511 | $525 | $541 | $549 | $560 | $579 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 15% |
| Consumer | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 13% |